What is it? The solar power capacity commissioned by India between April and December 2016.
Why is it important? This is just 18.7% of the solar power target of 12,000 MW for 2016-17. This raises questions about India’s capability to increase its solar power target to 100,000 MW by 2022. Power Minister Piyush Goyal had said in April 2016 that it can achieve this target by the end of 2017 itself. Achieving this target is important for India, which has committed to source 40% of its electricity from non-fossil fuels under the 2015 Paris Agreement. The aim of the agreement is to limit the increase in the earth’s temperature to less than two degree celsius by 2100.
Tell me more: India’s cumulative solar energy capacity stands at 9,012.66 MW, as per the government data.
Rs 3,400 crore
What is it? The amount Tamil Nadu government has said it will spend for desilting reservoirs and channels and restoration of lakes, according to chief minister O Panneerselvam.
Why is it important? This is one of the measures announced by the government as it declared the state to be drought-hit. As many as 144 farmers have reportedly committed suicide between October and December 2016 and the northeast monsoon, which hits Tamil Nadu during this period, has been the worst in 2016 over the last 140 years. The northeast monsoon is responsible for the state’s main rainy season and accounts for nearly half (48%) of its rainfall.
Tell me more: Tamil Nadu has announced measures including conversion of crop loans to medium-term loans, increasing the number of days of work under the national rural employment guarantee scheme to 150 from 100 and allocation of funds to improve drinking water resources. The state will send a petition to the central government asking for drought relief.
What is it? The number of people who have reportedly enrolled for Aadhaar in December 2016.
Why is it important? This was the highest enrollment in a month for the 12-digit unique identity number in a month last year. This comes after the government decided to withdraw high-value currency notes from November 9 and the its subsequent push to encourage Aadhaar-enabled financial transactions in a bid to create a less-cash economy. The first week of January 2017 saw 3.63 million people enrolling for Aadhaar, which takes the total number of Aadhaar enrolments to 1.1 billion, covering about 98% of India’s adult population.
Tell me more: The Ministry of Communications and Information Technology is planning to coordinate with the Finance Ministry to draw up a plan to enable financial transactions using Aadhaar (and without the need for mobile phones) at places including petrol pumps and common service centres. Of the 112 crore bank accounts, 40 crore are already linked to Aadhaar.
What is it? The number of automobiles sold in the domestic market in December, 2016.
Why is it important? The decline is at a 16-year-low. Overall automobile sales fell by 18.6% year-on-year, not seen since December 2000’s drop of 21.8%. Automobile sales is a measure of consumer sentiments, especially their capacity for discretionary spends, and it has taken a beating after demonetisation as consumers still turn to cash for buying vehicles or restrict non-cash purchases because of negative sentiments.
Tell me more: Retail segments such as passenger cars and two-wheelers registered sharp drops at 8% and 22% respectively. Siam, the industry body releasing the data, says it is a temporary lull. Automobile sales had registered 23.7%, 20%, and 8% rise in August, September, and October, before sliding in November by 5.4%.
Rs 4,350 crore
What is it? The contract value won by ABB India to build a power transmission link for Power Grid Corporation of India, the national power grid operator.
Why is it important? This will be one of the longest systems in the world. The two-way link spanning 1,830-km will connect thermal and wind energy plants to high-consumption urban centres, from Chhattisgarh to Tamil Nadu. It will have a capacity of 6,000-megawatts, and once complete, supply electricity to 80 million people by 2019. The win saw ABB India’s stock rise 13% on Tuesday.
Tell me more: ABB India is tasked with installing an ultra-high-voltage 800-kilovolt system for the link. While ABB won the major chunk of the Rs 5,700-crore project, state-run Bharat Heavy Electricals won the remaining mandate.